Prime Cable Industries shares soar 3.7% after bagging supply order for control cables

Synopsis: A microcap stock where the company is in the business of manufacturing cables saw its stock surge by 4 per cent. This comes after the company announced that it has received a Letter of Intent from a reputed State Electricity Transmission Company

With a market cap of Rs 150 Cr, Prime Cable Industries Limited saw its stock hit an intraday high close to Rs 84 which is 3.7 percent higher than the previous close of Rs 81.

What’s the News?

On Monday Prime Cable Industries Limited announced that the company has received a Letter of Intent from a reputed State Electricity Transmission Company for an order valued at Rs 9.10 crore. The order has been awarded by a domestic state-owned transmission utility and involves the supply of control cables. As per the terms of the order, execution is scheduled to be completed within one quarter, following a commencement period of one month. 

As of Q2FY26, the company’s order book stands at Rs 106 crore, where Rs 48 crore is from private institution clients and the rest Rs 58 crore is from the government’s side. These orders reflect upon the continued demand from state power utilities and reinforces the company’s position in the control cable segment

Financial & Business Overview

Established in 1997 and headquartered in New Delhi, Prime Cable Industries Limited is an Indian cable manufacturing company engaged in the production of a wide range of wires and cables, including LT PVC/XLPE power cables, control cables, and AB cables.

In the latest quarter Prime Cable Industries Limited saw a half yearly revenue growth of 62 percent on YoY basis, going from Rs 56 Cr in Q2FY25 to Rs 91 Cr in Q2FY26. The half yearly Net Profits growth is at 150 percent on YoY basis, going from Rs 2 Cr in Q2FY25 to Rs 5 Cr in Q2FY26. The company’s 3 year profit CAGR stands at 145 percent, while the 3 year sales CAGR is still at 38 percent.

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